Avis Budget Group, Inc. (NASDAQ:CAR) Shares Sold by Barclays PLC

Barclays PLC decreased its position in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,659 shares of the business services provider's stock after selling 26,917 shares during the period. Barclays PLC owned 0.49% of Avis Budget Group worth $13,998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ING Groep NV raised its holdings in shares of Avis Budget Group by 310.4% in the 4th quarter. ING Groep NV now owns 325,000 shares of the business services provider's stock valued at $26,198,000 after buying an additional 245,800 shares during the period. National Bank of Canada FI boosted its stake in shares of Avis Budget Group by 266.7% in the fourth quarter. National Bank of Canada FI now owns 330,000 shares of the business services provider's stock valued at $26,601,000 after purchasing an additional 240,000 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Avis Budget Group by 139.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 379,805 shares of the business services provider's stock valued at $30,616,000 after purchasing an additional 221,456 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in Avis Budget Group in the 4th quarter valued at approximately $12,164,000. Finally, Wolverine Asset Management LLC grew its stake in shares of Avis Budget Group by 870.6% in the fourth quarter. Wolverine Asset Management LLC now owns 162,771 shares of the business services provider's stock worth $13,121,000 after acquiring an additional 146,000 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company's stock.

Insider Buying and Selling at Avis Budget Group

In other Avis Budget Group news, Director Lynn Krominga sold 1,405 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $95.00, for a total value of $133,475.00. Following the transaction, the director now directly owns 1,950 shares in the company, valued at $185,250. This represents a 41.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 52.80% of the stock is owned by insiders.

Avis Budget Group Trading Up 6.1 %

NASDAQ:CAR traded up $5.24 during midday trading on Thursday, reaching $91.55. The company had a trading volume of 1,201,001 shares, compared to its average volume of 841,958. Avis Budget Group, Inc. has a 12-month low of $54.03 and a 12-month high of $132.25. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of -1.77 and a beta of 2.05. The stock's fifty day simple moving average is $73.57 and its 200-day simple moving average is $84.57.

Avis Budget Group (NASDAQ:CAR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.50) by $0.27. Avis Budget Group had a negative net margin of 15.45% and a negative return on equity of 14.74%. As a group, sell-side analysts expect that Avis Budget Group, Inc. will post 8.91 EPS for the current year.

Avis Budget Group Company Profile

Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.